By Sheri Kasprzak
New York, Feb. 7 - sxr Uranium One Inc. has priced its previously announced private placement for C$170,595,000.
The company intends to sell 22.3 million shares at C$7.65 each, a 2.3% discount to the five-day volume-weighted average price of the company's stock.
The deal is being placed through a syndicate of agents led by BMO Nesbitt Burns Inc. and is expected to close Feb. 17.
Proceeds will be used for development of the company's Dominion uranium project and for general corporate purposes.
Based in Toronto, sxr is a uranium exploration company.
| Issuer: | sxr Uranium One Inc.
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| Issue: | Stock
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| Amount: | C$170,595,000
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| Shares: | 22.3 million
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| Price: | C$7.65
|
| Warrants: | No
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| Placement agent: | BMO Nesbitt Burns Inc. (lead)
|
| Pricing date: | Feb. 7
|
| Settlement date: | Feb. 17
|
| Stock symbol: | Toronto: SXR
|
| Stock price: | C$8.52 at close Feb. 7
|
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